Arch Capital Group Ltd. (NASDAQ:ACGL) Shares Sold by General American Investors Co. Inc.

General American Investors Co. Inc. decreased its holdings in shares of Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 600,000 shares of the insurance provider's stock after selling 60,249 shares during the period. Arch Capital Group makes up 4.6% of General American Investors Co. Inc.'s portfolio, making the stock its 5th biggest holding. General American Investors Co. Inc. owned 0.16% of Arch Capital Group worth $67,128,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. purchased a new stake in Arch Capital Group in the 2nd quarter worth approximately $30,000. Baldwin Brothers LLC MA boosted its position in Arch Capital Group by 50.7% during the second quarter. Baldwin Brothers LLC MA now owns 309 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Rothschild Investment LLC purchased a new position in Arch Capital Group in the second quarter valued at about $35,000. LRI Investments LLC acquired a new position in Arch Capital Group in the 1st quarter worth about $38,000. Finally, Versant Capital Management Inc raised its stake in shares of Arch Capital Group by 40.3% during the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the insurance provider's stock worth $46,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Activity at Arch Capital Group

In other news, CFO Francois Morin sold 11,460 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.46, for a total value of $1,174,191.60. Following the transaction, the chief financial officer now directly owns 221,779 shares of the company's stock, valued at $22,723,476.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ACGL. Keefe, Bruyette & Woods increased their price objective on Arch Capital Group from $120.00 to $121.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. TD Cowen increased their price target on shares of Arch Capital Group from $116.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Bank of America lifted their price objective on shares of Arch Capital Group from $119.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. BMO Capital Markets upped their price objective on shares of Arch Capital Group from $98.00 to $104.00 and gave the stock a "market perform" rating in a report on Wednesday. Finally, Royal Bank of Canada cut their target price on Arch Capital Group from $128.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Arch Capital Group presently has an average rating of "Moderate Buy" and an average price target of $118.88.

Arch Capital Group Stock Performance

ACGL stock traded down $1.90 during trading on Thursday, reaching $99.80. 2,048,869 shares of the stock were exchanged, compared to its average volume of 1,663,050. The company has a market capitalization of $37.53 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61. The company has a current ratio of 0.58, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. Arch Capital Group Ltd. has a twelve month low of $72.85 and a twelve month high of $116.47. The stock has a 50 day simple moving average of $109.67 and a 200-day simple moving average of $102.91.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.05. Arch Capital Group had a net margin of 33.86% and a return on equity of 18.94%. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm earned $2.31 EPS. As a group, sell-side analysts anticipate that Arch Capital Group Ltd. will post 9.09 earnings per share for the current year.

Arch Capital Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, December 4th. Investors of record on Monday, November 18th will be given a dividend of $5.00 per share.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.